JoeFXPips

Bullish Cypher Counter Trend

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
5
Examining the daily chart, the 1.3200 level has previously held as support a number of times. Couple that with the trendline support, a third retest MIGHT hold for more buying off the bullish cypher. Depending on what the RSI indicates and the price action at that intersection, its best to follow your trading rules to determine best point of entry.
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